Monday, December 28, 2015

Nugan Hand Banker Found

What follow are choice excerpts from Cameron Stewart and Ean Higgins' article entitled "Interest in Arrest Appears Lost as Rogue Nugan Hand Banker Found" (published on 11-10-15 in the "Business Review" section of The Australian):

"For 35 years, fugitive banker ­Michael Hand has been on the
run from Australian authorities. But nobody, it seems, has been
interested in chasing him.

"As early as 1982, ASIO [Australian Security Intelligence Organisation]was told the co-founder of the notorious Sydney-based Nugan Hand Bank
was working as a U.S. military ­adviser in Central America after fleeing
Australia under a false name in 1980.

"This tip-off, along with
others, was ignored, fuelling speculation Hand was a U.S. intelligence
operative whose Cold War service has protected him from prosecution.

"And
now Hand has been found in a town in the northwestern U.S. state of
Idaho, Australian authorities still do not seem anxious to ­arrest the
73-year-old former swindler [...].

"The lukewarm reaction to the discovery of Hand this week will only
fuel speculation intelligence agencies have deliberately gone dead on
bringing the former U.S. special forces Vietnam veteran to justice.

"Nugan
Hand was rumoured to have been used by the CIA in Asia to launder dirty
money to help fund anti-communist regimes and insurgents during the
height of the Cold War in the 1970s.

"The Nine Network’s 60 ­Minutes
program, using information unearthed by Sydney ­author Peter Butt,
tracked down Hand, who was living under an alias in Idaho Falls.

"The
international merchant bank collapsed in 1980 with debts of more than
$50 million [...]. The bank was subsequently linked to money laundering,
tax-avoidance schemes and clande­stine intelligence activities, with
some of those associated with the bank dying mysterious deaths.

"After
bank co-founder Frank Nugan was found shot dead with a rifle by his
side in 1980 (an inquest found it was suicide), Michael Hand fled [the country] under a
false name [...].

"[I]n December 1982 [...] an Australian police team sent to the U.S. to chase Hand [discovered] that he was employed 'as a (U.S.) military adviser to the Puma Battalion involved in the Honduras/Nicaragua dispute.'

"If Hand was helping to train elite troops of the Puma
Battalion in Honduras, he would almost ­certainly have been working for
the U.S. government and possibly the CIA. The CIA has always ­denied it
employed Hand.

"The suspicion that intelligence agencies went cold on prosecuting Hand was reinforced in 1991 when The Eye magazine reported that Hand was believed to be living in a suburb in Washington state.

It even published his alleged ­address — 1075 Bellevue Way — but the
revelation generated no ­interest from Australian authorities despite an
arrest warrant still being in place. In the 60 Minutes report, [Peter] Butt, author of a book about the scandal, Merchants of Menace, says Hand has been living in the U.S. under the same social security number he was given in 1960.

"'The fact that Hand has been allowed to live the free life in the
United States suggests he belongs to a protected species, most likely of
the intelligence kind,' Butt said.

"William Colby, CIA director
from 1972-76, and who became a legal adviser to Nugan Hand Bank, was
found face down in the water on a solo canoe trip in 1996 [an event I touched on in Chapter Two of my first book, Cryptoscatology--RG].

"In Idaho Falls, Hand runs a business that
supplies combat and hunting knives. The Tops Knives website blazes the
headline 'Drifting in and out of the shadows' and has knives for up to
$US300 ($425). [According to New Dawn Magazine #154, which bears a January/February 2016 cover date, Hand "now lives under the name Michael Fuller [and] runs a company that makes knives for U.S. military clients, including Special Operations personnel."--RG]

I highly recommend listening to Dave Emory and Nip Tuck's information-packed July 13, 1986 Radio Free America broadcast about the Nugan Hand Bank scandal, which you can find below. (Begin listening at around 17:00.)

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About Me

I'm the author of CRYPTOSCATOLOGY: CONSPIRACY THEORY AS ART FORM (TrineDay, 2012) as well as SPIES & SAUCERS, a collection of three novellas (available from PS Publishing at: http://www.pspublishing.co.uk/spies-and-saucers-jhc-robert-guffey-2158-p.asp), and CHAMELEO: A STRANGE BUT TRUE STORY OF INVISIBLE SPIES, HEROIN ADDICTION, AND HOMELAND SECURITY (available from OR Books at: http://www.orbooks.com/catalog/chameleo/). My most recent book is UNTIL THE LAST DOG DIES (available from Night Shade Books at: http://www.nightshadebooks.com/book/until-the-last-dog-dies/#.Wf-RnIhrzcs). If you would like to buy a signed copy of CRYPTOSCATOLOGY, simply click on the button below.